(less than 0.1 per cent of the total sales turnover). The report paints out that the "average expenditure on R and D in the industrial sector in the developed countries is much higher, being around 1 per cent of the total output".
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EPW looks forward to your comments. Please note that comments are moderated as per our comments policy. They may take some time to appear. A comment, if suitable, may be selected for publication in the Letters pages of EPW.